Predator Oil Share Chat (PRD)

Gentle buying this morning

Massive re-rate coming when that is confirmed.

Elephant hunting in Morocco

If it goes to £1 I'll buy you a beer.

We will have $1.5m released back to us which could go towards nicking the assets from CERP for absolute peanuts - we definitely got the deal of the century if all goes to plan.

From sdx rns this morning. They've completed thier drill and discovered more gas than they anticipated. They are close to our license area.

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to announce that the OYF-2 well in Morocco (SDX 75% working interest) has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates. The discovery also confirms that the Company's core productive area extends to the north.

SDX currently have the drill and I think found oil in Morocco near our acreage. I think they have till March. If you listen to Paul on the RNS we arent supposed to be drilling Morroco till March/April anyway. We acquire the rig option and then we drill at that date. Just means drilling is only 12-16 weeks away enough time for Trinidad to pour money into PRD account

Yep . In the middle of £4.52! ;)

Can we settle somewhere in the middlish gents ??,
;-)

That’s without a farm out etc.

Or £4.52 a share

The company owns a 75% stake in the exploration area, while the Moroccan National Office of Hydrocarbons and Mining (ONHYM) owns 25%.

The company’s finding on the Guercif permit shows “recoverable prospective resources of 474 billion cubic feet for the Moulouya and Tagi prospects, targeting the Miocene and Triassic,” according to Morning Star.

Miocene and Triassic are two gases discovered in the area. The net value of the Miocene gas and Triassic gas is $642 million and $207.7 million, respectively.

Paul Griffiths, CEO of Predator described the finding as a “very positive step for Guercif.”

Predator also hired an outside company, SLR, to provide a report on the wells’ potential. Griffiths said the “this third party prospective resources audit by SLR validates the significant volumetric and recoverable gas resources potential whilst importantly indicating too there is no significant impediment to monetising discovered gas.”

He added that the finding also “references additional hydrocarbon potential over the entire Guercif area demonstrated by multiple prospective leads in diverse geological settings in the Miocene, Jurassic and Triassic.”

The British news outlet added that the high forecast is estimated at 943 billion cubic feet of gas.

The positive finding represents an “important tool and catalyst for attracting potential drilling partners necessary to advance rapidly a multi-well drilling programme to fully evaluate the large inventory of prospective leads developed in Guercif,” said Griffiths.

The Moroccan government approved Predator Oil’s license for gas exploration in December 2018.

The government granted an eight-year license, which started with an initial 30 months of exploration across 7,269 square kilometers “to the east of producing gas fields and northwest of Sound Energy PLC’s Tendrara gas project,”

Sou went from £50m - £500m mkt cap after their discovery, don’t you know how valuable it would be for PRD?!.

£1 is very conservative if you must know buddy

Dear me, it isn't going to go to £1. I am in here and looking for 12p and don't see that for a while yet. £1 is optimistic.

I’ll second that. Easy . Just look the free float.

And that’s just for starters

GL all

Had not heard that interview ( Vox Markets Q and A with Predator oil and gas Paul Griffiths 15th July 2019 ), MrMarketMaker,......very interesting,...thanks.

BW

Up to 30 days

Repressurise reservoir - inject co2 at up to 2000 psi into downdip wells with REGULAR OPS UPDATES !!!

DYOR

I thought we'd get at least 10-15% gain today. We're at the start of testing and for us LTH it's reassuring to finally start injecting co2. The market will respond to results.

Meanwhile morroco is due by Friday, we've always responded better to that.

This is what I was talking about earlier that I said someone should post!

Versarien Hexotene® Collaboration and Predator Update on Pilot EOR

Justin Waite
Vox Markets Podcast with Justin Waite
05:19, 9th October 2019

Vox Markets Q and A with Predator oil and gas Paul Griffiths 15th July 2019

www.**********.co.uk/articles/q-a-with-predator-oil-gas-paul-griffiths-db7e9ff/

****************************/articles/q-a-with-predator-oil-gas-paul-griffiths-db7e9ff/

From malcys blog
Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company

Why such a small share price rise ?

Barbados

Personally I’m here for the Irish assets and will not be selling until they are developed. I work in the electrical industry and the amount of coal fired power stations being taken out of service is incredible in the UK and Ireland. New gas powered power stations will be needed to take up the short fall. And quite a few I might add. I can say now there will be black outs if they don’t replace them . We are importing power from the Netherlands at the moment

Yep. And the BoD hold 50% of the stock